A small but growing number of employers are tapping their captive insurance companies to fund employee benefit risks with a goal of reducing costs. This article reviews the basics, including the main drivers and the US Department of Labor approval process.
We focus a lot on the importance of retaining top employees. It reduces cost, increases productivity, builds trust and camaraderie-and the list goes on. However, we rarely discuss the elephant in the room: everyone eventually quits, even your best employee.
One of the biggest organizational challenges companies must solve in today's work environment is team building. This can become particularly difficult in businesses that hire remote workers. Read about aÂ proven interview method that will help your company discover the core competencies that make up the optimal remote worker.
Emotional intelligence quotient (EQ) is more than just a term used frequently in human resources departments and executive boardrooms. Understanding what EQ is and how it differs from personality can improve your hiring practices and impact your workplace bottom line.
Traditional interviews when recruiting new employees leave companies susceptible to blind spots because they rely on hypothetical or subjective opinions. This creates the risk of hiring the wrong candidate. However, a behavioral interview will unlock reliable and measurable information about each candidate in order to hire the best fit.
A growing company needs to reduce the risk of turnover and increase the return on investment in its human capital. This can be accomplished by forming a plan for hiring decisions that aligns each candidate with the job opening.
The "MarketWatch" article "Job Openings Hit Record High at Start of 2018" shows how the war for talent is well under way. Captive insurers that have not started developing and implementing a strategy for recruiting new professionals face real impediments to finding new professionals to hire.